UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,779 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 8.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,352 shares of the company’s stock after selling 5,779 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Helios Technologies were worth $2,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Helios Technologies by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after buying an additional 54,205 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Helios Technologies by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after acquiring an additional 38,307 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Helios Technologies during the 2nd quarter valued at about $42,900,000. Raymond James & Associates boosted its stake in shares of Helios Technologies by 31.6% during the third quarter. Raymond James & Associates now owns 73,272 shares of the company’s stock valued at $3,495,000 after purchasing an additional 17,611 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Helios Technologies during the third quarter valued at approximately $494,000. Institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their price objective on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $51.56 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The firm has a fifty day moving average of $50.36 and a 200 day moving average of $47.03. The firm has a market cap of $1.71 billion, a PE ratio of 45.63 and a beta of 0.85. Helios Technologies, Inc. has a one year low of $39.08 and a one year high of $57.29.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $196.41 million. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, research analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Friday, January 3rd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.36 annualized dividend and a yield of 0.70%. Helios Technologies’s payout ratio is 31.86%.

Insiders Place Their Bets

In related news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the transaction, the director now owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.